Global Precision Medicine Market Provide Growth Opportunity for the Regenerative Medicine
DESCRIPTION Precision medicine is a relatively novel concept and technology that has now become a major business investment domain for major pharma companies. With the help of precision medicine, the diagnosis as well as diseases treatment is easier by depending on genomics as well as specific biomarker techniques. A precision based approach helps to to formulate medicines that result in new insights into disease biology. Thus, it becomes easier for physicians to make selection of the right drugs, optimal dosage and time for medicine usage coupled with least side effect. Moreover, high awareness pertaining to the benefits of adaptation of precision medicine is promoting this market growth. Other factors such as intense research, along with severe unmet needs in various diseases, especially oncology is further bolstering the market growth. Moreover, favorable government regulations and support in developed economies is driving the market growth. However, the high price of these therapies is expected to hamper the market growth.
REGIONS North America Europe Asia-Pacific (APAC) Middle East & Africa (MEA) Latin America
KEY PLAYERS Quest Diagnostics F-Hoffmann La Roche Novartis AG Teva Pharmaceuticals
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